New York Laws
Article 17 - Subsidiaries of Domestic Life Insurance Companies and Certain Other Entities
1714 - Authority to Conduct Certain Business Directly Instead of Through Subsidiary.

(b) In the case of approval pursuant to item (ii) of subsection (a) of
this section, the superintendent may prescribe limitations for the
protection of the interests of the policyholders of such company after
taking into account the effect of such business on such company's
existing insurance business and its surplus, the proposed allocation of
the estimated cost of such business and the risks inherent in such
business as well as the relative advantages to such company and its
policyholders of conducting such business directly instead of through a
subsidiary.

Structure New York Laws